50702 Zip Code Income, Population and Demographics

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In this article, we'll explore most of the 190+ data points we have for 50702, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

50702 is a zip code in Black Hawk County, Iowa, which covers Cedar and Waterloo, with a total population of 20,818 people.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in 50702 is $58,418.00.

The chart below shows the average household income by age in 50702.

• Under 25
  $48,764.00
• 25 to 44
  $60,541.00
• 45 to 64
  $67,015.00
• 65 and over
  $48,771.00

Average Household Income

A very commonly asked question is "what is the average household income in the 50702 zip code?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in 50702 is $71,165.00.

2.54% of households in the 50702 zip code are classed as high income households (making $200,000+ per year).

Household Income Tiers for 50702

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for the 50702 zip code easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  17.15%
• $25,000 to $49,999
  24.50%
• $50,000 to $74,999
  22.31%
• $75,000 to $99,999
  14.20%
• $100,000 to $149,999
  15.94%
• $150,000 to $199,999
  3.35%
• $200,000 or more
  2.54%

Per Capita Income

The per capita income is the average income of all people in the 50702 zip code. This is calculated by dividing the total income of all people in 50702 by the total number of people in 50702.

It differs from the average or mean household income because it includes all people in 50702 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 50702 zip code is $30,342.00.

Population in 50702 by Race and Ethnicity

The total population in 50702 is currently 20,818 people.

The race and ethnicity of the population in 50702 can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in the 50702 zip code.

• 1.50% White
  308
• 91.80% Black/African American
  19,110
• 70.70% Native
  14,719
• 4.70% Hispanic
  986
• 12.20% Asian
  2,536
• 0.10% Hawaiian/Pacific Islander
  15
• 1.60% Two or more races
  330
• 4.80% Other
  1,008

Population of 50702 by Age and Gender

Another very important demographics statistic for the 50702 zip code is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in the 50702 zip code.

• Master's degree or higher
  6.43%
• Bachelor's degree
  28.26%
• Some college or associate's degree
  10.07%
• High school diploma or equivalent
  53.30%
• Less than high school diploma
  1.93%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for 50702 because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in 50702 look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in the 50702 zip code that are over the age of 16.

The current population in 50702 that are over the age of 16 is 16,246 people.

The unemployment rate in 50702 is 5.80%, which means 632 people are unemployed.

Median Age in 50702

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 50702 zip code. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in 50702 is 36.1 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in 50702

36.1

Total

33.2

Male

38.6

Female

Households and Families

There are a total of 8,857 households in 50702, and the average household size is 2.32 people.

For families, the total number is 5,075, and the average family size is 3.06 people.

9.20% of those families in the 50702 zip code are living below the poverty line.

The table below shows the poverty thresholds for 50702 in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in the 50702 zip code for each type, as well as the average sizes.

Housing Data in 50702

There are total of 9,547 housing units in the 50702 zip code. Of those units, 8,857 (92.77%) are occupied, and 690 (7.23%) are vacant.

Rental Rates

Of the 9,547 housing units in 50702, 3,345 (35.04%) are occupied by renters. The median rent paid by renters is $871.00.

Owner occupied housing units make up the remaining 57.01% of housing units, with 5,443 housing units in total.

The table below breaks down how much rent is paid by renters in the 50702 zip code.

• No rent paid
  69
• Less than $500
  469
• $500 to $999
  1,766
• $1,000 to $1,499
  987
• $1,500 to $1,999
  34
• $2,000 to $2,499
  25
• $2,500 to $2,999
  45
• $3,000 or more
  19

Property Values

The median value of a property in 50702 is $139,000.00.

The table below breaks down the range of valuations for all properties in 50702.

• Less than $50,000
  89
• $50,000 to $99,999
  1,089
• $100,000 to $149,999
  2,048
• $150,000 to $199,999
  1,456
• $200,000 to $299,999
  630
• $300,000 to $499,999
  39
• $500,000 to $999,999
  31
• $1,000,000 or more
  61

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in the 50702 zip code.

• 1939 or earlier
  1,553
• 1940 to 1949
  815
• 1950 to 1959
  2,607
• 1960 to 1969
  1,953
• 1970 to 1979
  1,102
• 1980 to 1989
  314
• 1990 to 1999
  411
• 2000 to 2009
  247
• 2010 to 2013
  533
• 2014 or later
  12

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 50702 has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  765
• 1 vehicle available
  3,349
• 2 vehicles available
  3,126
• 3 or more vehicles available
  1,617

Commuting to Work in 50702

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of the 50702 zip code, how they commute, and how that correlates to other data points.

The average travel time is 19 minutes, and the chart below covers the range of travel times across the population of 50702.

• Less than 5 minutes
  223
• 5 to 9 minutes
  1,443
• 10 to 14 minutes
  3,037
• 15 to 19 minutes
  2,339
• 20 to 24 minutes
  1,015
• 25 to 29 minutes
  293
• 30 to 34 minutes
  284
• 35 to 39 minutes
  7
• 40 to 44 minutes
  80
• 45 to 59 minutes
  211
• 60 to 89 minutes
  185
• 90 or more minutes
  426

We can also look at the means of transport in 50702 to see which modes of transport people are using to commute to work.

• Drove alone
  7,991
• Carpooled
  1,311
• Public transportation
  39
• Walked
  195
• Other means
  7
• Worked from home
  629

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 50702 zip code.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for 50702.

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